______is a contractual obligation that requires a company to deliver cash or other financial asset to another party.
A) Detachable warrant
B) Capital structure
C) Financial leverage
D) Financial liability

Question

Quizplus · Accepted Answer

A financial liability is a contractual obligation to deliver cash or another financial asset to another party. This includes debts and obligations to pay money or deliver financial assets to others.

______Is a Contractual Obligation That Requires a Company to Deliver